Default of tax by seller, VAT + CST

[KRISHNAKUMAR GOEL]

What is new supreme court order on tax liabilities of a buyer if a seller fails to deposit the tax with appropriate VAT/GST authority.

Posts / Replies

[YAGAY and SUN]

It says that a Buyer cannot avail Input Tax Credit, if the Tax Collected by Seller, is not deposited with the exchequer.

[Ganeshan Kalyani]

Vat credit was eligible subject to payment of tax by the supplier.